Board of the Pension Protection Fund Acquires Shares of 28,300 Equitable Holdings, Inc. $EQH

Key Points

• The Pension Protection Fund acquired 28,300 shares of Equitable Holdings, Inc. valued at approximately $1,588,000, making it 8th in its investment portfolio.
• Equitable recently announced a quarterly dividend of $0.27 per share, representing an annual yield of 2.2%.
• A significant insider activity occurred as CEO Mark Pearson sold 39,700 shares worth over $2.1 million, reducing his ownership by 5.35%.

Board of the Pension Protection Fund acquired a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,300 shares of the company's stock, valued at approximately $1,588,000. Equitable makes up 1.7% of Board of the Pension Protection Fund's investment portfolio, making the stock its 8th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in Equitable during the 1st quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in Equitable during the 1st quarter valued at about $33,000. Geneos Wealth Management Inc. increased its stake in Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company's stock valued at $46,000 after purchasing an additional 424 shares in the last quarter. BankPlus Trust Department bought a new stake in Equitable during the 2nd quarter valued at about $75,000. Finally, IFP Advisors Inc increased its stake in Equitable by 57.4% during the 2nd quarter. IFP Advisors Inc now owns 1,530 shares of the company's stock valued at $86,000 after purchasing an additional 558 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.

Equitable Stock Performance

EQH opened at $48.32 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 38.97 and a beta of 1.10. The company's 50 day moving average is $52.54 and its 200 day moving average is $52.02. Equitable Holdings, Inc. has a 12-month low of $41.39 and a 12-month high of $56.61.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.08 annualized dividend and a yield of 2.2%. Equitable's payout ratio is currently 87.10%.

Insider Activity

In other Equitable news, CEO Mark Pearson sold 39,700 shares of Equitable stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $53.05, for a total transaction of $2,106,085.00. Following the transaction, the chief executive officer owned 703,029 shares of the company's stock, valued at $37,295,688.45. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robin M. Raju sold 36,888 shares of Equitable stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the transaction, the chief financial officer directly owned 140,258 shares in the company, valued at $7,573,932. This represents a 20.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 192,468 shares of company stock worth $10,250,470 over the last ninety days. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EQH. Weiss Ratings reiterated a "hold (c+)" rating on shares of Equitable in a research note on Saturday, September 27th. Barclays reiterated an "overweight" rating and issued a $63.00 price target on shares of Equitable in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Evercore ISI raised their price objective on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of Equitable from $63.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Equitable currently has an average rating of "Moderate Buy" and a consensus price target of $64.45.

Equitable Company Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.

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